Heritage Medical Research Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 13,498,384 | 549,149 | 12,949,235 | 1121.5 | 1% |
| 2012 | 7,154,029 | 786,903 | 6,367,126 | 918.1 | 2% |
| 2013 | 6,496,190 | 828,372 | 5,667,818 | 1046.4 | 0% |
| 2014 | 7,955,757 | 1,254,735 | 6,701,022 | 779.2 | 11% |
| 2015 | 12,915,831 | 1,706,090 | 11,209,741 | 602.5 | 15% |
| 2016 | 37,377,983 | 3,251,378 | 34,126,605 | 366.4 | 9% |
| 2017 | 19,350,245 | 3,888,630 | 15,461,615 | 390.8 | 8% |
| 2018 | 6,254,834 | 6,470,943 | −216,109 | 245.8 | 6% |
| 2019 | 1,955,424 | 4,989,829 | −3,034,405 | 311.6 | 4% |
| 2020 | 75,867,622 | 4,876,483 | 70,991,139 | 482.2 | 5% |
| 2021 | 27,561,662 | 7,637,030 | 19,924,632 | 366.8 | 3% |
| 2022 | 12,358,037 | 8,121,488 | 4,236,549 | 329.1 | 3% |
| 2023 | 1,769,007 | 7,254,324 | −5,485,317 | 367.7 | 3% |
In its most recent public year (2023), this organization spent $5,485,317 more than it brought in. Its reserves stood at about 367.7 months of spending, down from 1121.5 in 2011. Staff pay was 3% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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